size was valued US$ XX Mn. in 2019 and the total revenue is expected to grow about 14 % from 2020 to 2027, reaching nearly US$ XX Mn.
Global Car Leasing Market
Global Car Leasing Market: Overview
Corporate sector has major market share of new car, about 66% of new car. It can be found that majorly this vehicle registration is done by company name. This corporate car segment is known as the true fleet. Corporate needs vehicles for various reasons to run business smoothly. Total corporate vehicle segment will rise 63% in future from today’s 53%.
Corporate accounting standards are changing; this is another factor which is affecting car leasing market. Government regulation towards green initiatives can be found in each country.
Consumers shift can be found in recent years from buying own vehicle to the leasing or subscribing vehicle. Customers trend towards subscription of vehicle is getting popularity. Major players like General Motors, BMW, and Porsche, and other companies interested to launch their car subscription business.
Global Car Leasing Market: Drivers
Customer viewpoint total cost of ownership is costlier than subscription of car. About 60% of cost is incurred during use and only 40% of total ownership cost is rated to vehicle.
In France, government is tax freeing leasing car for the increase of tourism and driving the growth of Car Lease Service market.
Europe decided to reduce its carbon emission reduction by 80% by 2050. Currently set value of CO2 emission is 95 Gram per kilometer. Next limit is expected to 84 Gram per kilometer in 2030.
In US, 80% of Electric vehicles are sold by Car Leasing System. Electric Vehicle sales is increasing rapidly and this is expected to drive car leasing business. By offering Leasing an increase in the sale of Electric vehicle can be seen. Vehicle return program and competitive monthly payment will increase sale. Leasing is more convenient than other option.
Global Car Leasing Market1
Global Car Leasing Market: Region Overview
In Europe, the corporate vehicle management has overhaul private vehicle management. Total no of vehicle registration is predicted to reach 2.9 million by 2020.
Auto Europe is leader in car leasing market at global level for the customers in the US and across the world.
Asia Pacific will show many growth opportunities during the forecasted period. Owing to large volume production of passenger vehicle and rising population will drive the car rental market. About 75% of growth of car rental market is expected from the Asia Pacific region. Countries like India, China, and Japan will lead future market due to major population and increasing growth rate.
The MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the Car Leasing market size. By Vehicle type, the Commercial Vehicle segment was valued at US$ XX Mn in 2020 and is expected to reach US$ XX Mn by 2027 at a CAGR of 14% during the forecast period.
The report also helps in understanding Car Leasing Market dynamics, structure by analyzing the market segments and projects the Car Leasing Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Engine portfolio, growth strategies, and regional presence in the Car Leasing Market make the report investor’s guide.
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https://www.maximizemarketresearch.com/market-report/global-car-leasing-market/67834/Scope of the Car Leasing Market
Car Leasing Market, by Mode Type
• Online
• Offline
• Close Market
Car Leasing Market, by Services
• Individual
• Corporate
Car Leasing Market, by Vehicle Type
• Non Commercial Vehicles
• Commercial Vehicles
Car Leasing Market, by Region
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players operating in Car Leasing Market
• ALD SA
• Arval Service Lease
• Athlon Car Lease International BV
• Avis Budget Group Inc.
• Deutsche Leasing AG
• Enterprise Holdings Inc.
• Europcar Mobility Group SA
• Hertz Global Holdings, Inc.
• LeasePlan Corporation NV
• Sixt SE
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